2 minutesHELLENIC PETROLEUM S.A. hereby announces, in accordance with article 4.1.3.4 of the ASE Rulebook, that the Annual General Meeting of the Shareholders of the Company, that took place on 24.06.2020, approved the distribution of a total dividend of €0.50 per share, for the financial year 2019. Given that an interim dividend of €0.25 per share has already been paid, the final dividend amounts to €0.25 per share.
The final dividend of €0.25 per share is subject to 5% (€0.0125 per share) withholding tax, according to the provisions of Law 4646/2019 (article 24) as currently in force; therefore, the net payable to shareholders amounts to €0.2375 per share.
The Annual General Meeting decided that the shares will trade ex-dividend on Monday 29.6.2020; while Tuesday 30.6.2020 was defined as the date of determination of the dividend beneficiaries (record date). Dividend payment (deducting applicable taxes and charges in accordance with the relevant law provisions) will take place on Monday 6.7.2020.
The payment of the dividend will be conducted through National Bank of Greece S.A., as follows:
Through the Dematerialized Securities System (DSS/SAT) operators, to beneficiary shareholders that have authorized their operators to receive payment.
Through the retail network of the National Bank of Greece for all other beneficiary shareholders.
In order to receive the dividend through the paying bank’s retail network, beneficiary shareholders must produce the following:
- Valid ID
- Printout of DSS/SAT account information
Payment to a third party can only take place if there is an authorization stating the full personal information of both the beneficiary shareholder as well as the authorized person, verified for the authenticity of signature by a competent state authority.
The right to receive the dividend disperses if not collected, after a period of five (5) years from the end of the year that the corresponding right was established (Civil Code article 250, par. 15). Following such term, any relevant amount shall be remitted to the Hellenic Republic.
For additional information, shareholders may refer to the Shareholders Registry Department of HELLENIC PETROLEUM SA, 8A Chimarras Str., Maroussi, (tel. +30 210 6302 979, +30 210 6302 980, fax: +30 210 6302 986, +30 210 6302 987).